Sales on the Island So Far This Year. . .
Prime Retail Space for Lease in Winslow
April 17, 2009
Sunburned in Seattle
April 21, 2009
They look a lot like last year. Here are the numbers. Data is take from the NWMLS.
2009
- Number of Closed Residential Sales 45
- Days on the Market 202
- Selling Price Per Square foot $267
- Selling Price $778K
2008
- Number of Closed Residential Sales 44
- Days on the Market 139
- Selling Price Per Square foot $305
- Selling Price $901K
The biggest difference I see is days on the market, it is up form 139 to 202 – that is two additional months of market time- almost seven months total. That is long haul for sellers.
And yes, prices are down, price per square foot is down and average sale price is down. However, on the island, with such a wide range in sale prices from the 200 hundred thousand up to six million, those numbers are hard to lump together.
What I am hearing from other agents is what I have been feeling “it has been a slow start.” I think we all hoped for a swifter 2009, but even with the low interest rates and first time buyer’s credit, consumer confidence and unemployment still loom overhead.
